Vertex42 is from where
you can download Excel templates, financial calculators, calendars templates
etc. free of cost. The Auto Loan Calculator is one such software which assists
you in making a choice of auto loan and what effect it will have on your fund
position. It provides the user a means to make a decision while making auto
loan negotiations. You can save on time and effort by using this free download
Excel sheets which are Open Office compatible too. Even the auto dealers
utilize the same software whilst they identify the prospective buyer on the
basis of his paying capacity.

The creator of this software, Vertex42, has
an excellent track record and is associated with a number of famous brand names
in software such as iPhone, Facebook etc.

Manage
Household Budgets with a Free Download Spreadsheet

Having this free download Excel
spreadsheet at hand one can compute payment schedule including interest payable
on the entire auto loan. This ready reckoner can facilitate the end user to decide
upon the principal amount he can manage to pay for at different rates of interest.

Negotiate
a Better Car Deal

The Excel spreadsheet can prove to be a
useful negotiating tool while haggling with the car dealer because they too are
prepared to do the same. Several auto dealers flourish on the commission they
can generate off of the loan amount and cost of the car. Prior to settling the interest rate, bargain
for the cost of the car. In case the interest rate is reasonable the customer
will be able to afford a higher principal amount without affecting the amount
of monthly installments. The negotiating techniques vary on individual skills but
all of them need to have thorough knowledge of total amount they are willing to
spend, the limit of monthly installment they can afford, the duration of the
auto loan and so on.

The
Basics of Auto Negotiations

Be non-committal regarding your choice
of the car. Your excitement regarding a particular model may cost you extra
buck. Carry out a market research and let the dealer know you are aware of the
going trends. Set your target price and bargain for it. Don't jump to
conclusions immediately. Delay your reactions and if required differ on the transaction,
and leave. The dealer will definitely get in touch with the customer sooner
than expected. Delay your responses on affordable installments and ask for
discount offers and other promotional deals. Keep in mind, even with tarnished
credit the interest rate can be bargained for down to the original cost.

So, go ahead and download the free Excel
Auto Loan Calculator spreadsheet to decide the interest rate and principal
amounts you intend to pay. Try not to exceed this amount. You can definitely manage
your finances well by using these tools.